Telecom Italia continues push to fend off Olivetti

Article Abstract:

Telecom Italia SpA acknowledged that it will ask for the approval of its stockholders for a merger with the company's 60%-controlled mobile telephone unit. Telecom Italia also introduced other measures that are designed to prevent Olivetti SpA's hostile takeover bid to acquire the company. Telecom Italia is planning to combine its old-style phone unit and its mobile phone business. The move will increase the cost of acquiring the company.

Comment:

Telecom stockholders asked to approve defense plan against Olivetti hostile takeover bid

Italy, Asset sales & divestitures, Acquisitions & mergers, Telecom Italia S.p.A., Olivetti S.p.A.

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How Bonn stripped Deutsche Telekom of its monopoly

Article Abstract:

The unusually liberal telecommunications regulations in Germany have enabled 51 new telecom firms to gain almost a third of Deutsche Telekom AG's profitable long-distance business. Deutsche was formerly a huge telecom monopoly that anticipated that its market dominance would continue well after the industry's deregulation in 1998. Germany's telecom industry was deregulated in response to pressure from the European Commission.

Comment:

German deregulation has enabled 51 new telecom firms to gain almost a third of co's long-distance business

Germany, Marketing procedures, Deutsche Telekom AG

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AT&T capital outlay to fall by at least 20% next year

Article Abstract:

AT&T Corp. said that it was planning to reduce its capital expenditures by at least 20% in 2002. The company also hopes to complete its joint-venture with British Telecommunications Group PLC.

United States, Capital expenditures, T, Joint ventures, AT and T Corp.

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